2 Executive Village Ct #BNorwalkOH44857
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Norwalk at 2 Executive Village Ct #B, Norwalk, OH, 44857 with 5% annual appreciation on a $265,000 basis while $2,178/mo rent supports operations. Total monthly income totals $2,178/mo and a $1,297/mo payment preserves $235/mo for cash returns. Annual cash flow comes to $2,819/yr on $87,848 deployed, and return on cash invested reaches 23.12% in year one. Equity gained on principal adds $1,710/yr, and five-year appreciation sums $73,215 alongside rental yield of 9.86%. Five-year ROI measures 121.54% and total cumulative return in cash totals $106,767.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,178/mo property income versus a $1,297/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2001
N/A lot
$N/A/sqft
$200 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 44857, Norwalk, OH area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,627 (100%) |
| Owner Occupied HU | 6,526 (61.4%) |
| Renter Occupied HU | 3,354 (31.6%) |
| Vacant Housing Units | 747 ( 7.0%) |
| Median Home Value | $184,568 |
| Average Home Value | $225,391 |
Housing Distribution
Address Breakdown
Residential
10,054
Single Family
9,518
Multi-Family
536
Businesses
795
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